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Canadians Moving To US To Retire

Posted on February 19, 2014

It’s far from uncommon for Americans to retire abroad—the combination of exotic surroundings, lower rent and cheaper medical care can be irresistible for a retiree with wanderlust and an undernourished nest egg. But Yanks aren’t the only gray-haired migrants in North America: As Kathy Kristof reports this month for Financial Planning magazine, many Canadians are […]

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You Won’t Believe What The IPO For Candy Crush Is

Posted on February 18, 2014

King, the maker of the popular mobile game Candy Crush, just filed to raise $500 million in an IPO. Here’s the F-1 filing. Their growth numbers are insane. Here are the key numbers. Note the revenue chart. In Q4 2012, total revenue was $71 million. A year later, that jumped to $632 million. And the […]

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Can Electric Cars Be Charged Wirelessly?

Posted on February 18, 2014

Toyota has announced that it will begin actual verification testing of its new wireless battery-charging system for electric vehicles, one that charges the battery of a plug-in hybrid or a pure-electric car by having the car park on top of it. Toyota’s charging system uses magnetic-resonance technology. This method transmits electricity by using magnetic resonance […]

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White House Shows Unusual Enthusiasm in Backing CVS

Posted on February 5, 2014

When CVS Caremark Corp. Chief Executive and President Larry Merlo announced that his drugstore chain would stop selling tobacco products , one of the first to respond was the president of the United States. The speed of the president’s statement indicates that CVS’s decision was likely coordinated with the White House. Every day, countless business […]

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Lenovo To Buy Motorola From Google

Posted on January 30, 2014

China’s Lenovo Group Ltd. is buying Motorola Mobility from Google Inc. for $2.91 billion. That’s nearly $9.6 billion less than the $12.5 billion Google paid for the unit at the end of 2012. On the surface, this might sound like a Silicon Valley mega-deal gone terribly wrong. But it might also be a monster win […]

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Will New Netflix Prices Be Repeat of 2011 Or Start of Something New?

Posted on January 23, 2014

Netflix Inc.’s earnings were better than expected, but the real surprise was the comment in the company’s shareholder letter that the streaming and video rental company is testing different pricing levels, with the hopes of having three different options. Netflix said in its fourth quarter letter to shareholders that since last year it has been […]

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Economics Laureates in Favor of Raising the Minimum Wage

Written by Robert Murphy on January 16, 2014

Minimum Wage

The Economic Policy Institute has released a letter signed by 75 economists–including 7 winners of the Nobel (Memorial) Prize in economics–calling for the federal government to raise the national minimum wage from its current level of $7.25 to $10.10 by 2016. In this post I want to explain how this is possible, and why I […]

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